Enterprise Text Publishing Market to Grow at a CAGR of 8.9% to reach US$ 28,065.2 Mn Million from 2021 to 2028

Enterprise Text Publishing Market Forecast to 2028 - COVID-19 Impact and Global Analysis

  • Report Code : TIPRE00023979
  • Category : Technology, Media and Telecommunications
  • Status : Published
  • No. of Pages : 160
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The enterprise text publishing market is projected to reach US$ 28,065.2 million by 2028 from US$ 15,483.1 million in 2021; it is expected to grow at a CAGR of 8.9% from 2021 to 2028.

Increasing adoption of e-books in schools and universities is bolstering the demand for enterprises text publishing solutions. E-books help educational organizations meet three key strategic priorities: improving experience for students and academic outcomes in an increasingly competitive environment; driving innovation in learning, teaching, and research; and assisting them in the effective and efficient utilization of space and human resources. Ensuring timely access to key books and availability of sufficient copies have been fundamental challenges for universities and their libraries for many years. The adoption of e-books is a convenient option as students can read them at anytime from anywhere, which helps meet their expectations in a better and efficient manner.

Additionally, growing acceptance for innovative approaches for teaching, learning, and research is encouraging the adoption of e-books across the world. For instance, the University of Leicester offers the MSc in Security, Conflict, and International Development by distance learning. The program, provided by the Department of Criminology, is designed for people who work in international development or want to work in the field. Every student is provided with an iPad with course materials and eBooks, along with an access to the course app. Students can read these e-books without internet connection, which helps the course attendees to access this material in areas where internet is unavailable or unreliable. Thus, the rise in adoption of e-books across schools and universities is fueling the growth of the global enterprise text publishing market

Impact of COVID-19 Pandemic on Enterprise Text Publishing Market

The education industry has been flourishing at an impressive pace across the world the growing preference for high-tech education solutions as well as growing investments and funding in EdTech start-ups. In lieu of the COVID-19 pandemic, an increasingly large number of schools and universities are continuing to offer distance learning programs. They are conducting virtual classrooms and online exams, and the performance of students is assessed using assessment tools. This has led to the high demand e-books and online study material. Moreover, the corporate sector has also posed high demand for virtual training content and references to enhance remote training capabilities across organizations. Hence, the COVID 19 outbreak has had a positive impact on the growth of the enterprise text publishing market.

Lucrative Regions in Enterprise Text Publishing Market

Lucrative Regions in Enterprise Text Publishing Market
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
 

Market Insights–

Enterprise Text Publishing Market

Rise in Adoption of Self-Paced Learning Boosting Market Growth

In self-paced or on-demand learning, students learn in their own time. They can be from the same class, but they work at their own pace to complete assignments and proceed through the course.  The number of educational institutions, which offer online distance learning courses, is increasing due to the rising popularity of online and distance learning. Generally, professionals who want to acquire higher educational degrees but cannot dedicate themselves to a full-time course due to work commitments undertake self-paced courses from institutions for career growth. For instance, upGrad Education Private Limit offers for working professionals a self-paced Master of Business Administration (MBA) program from the Liverpool Business School across various functional domains. The course provides a complete range of study material in digital format to all its registered students; they can refer the material and plan study as per their own feasibility. Thus, the escalating adoption of self-paced learning across the world is fueling the growth of the enterprise text publishing market.


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Enterprise Text Publishing Market: Strategic Insights

enterprise-text-publishing-market
Market Size Value inUS$ 15,483.1 Million in 2021
Market Size Value byUS$ 28,065.2 Million by 2028
Growth rateCAGR of 8.9% from 2021-2028
Forecast Period2021-2028
Base Year2021
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Players operating in the enterprise text publishing market are mainly focused on the development of advanced and efficient products.

  • In 2021, Physiological Oncology Rehabilitation Institute (PORi) partnered with KITABOO to deliver online courses to medical practitioners. Through this initiative, the PORi aims to expand its presence digitally. The user-friendly interface the online learning platforms offered by KITABOO makes it easy for learners to go through the course material. Further, the learners can collaborate with educators and peers to discuss the techniques they learn to master the skills. The platform allows PORi to enhance their content with multimedia elements, adding to the interactivity of learning sessions and making the learning experience more immersive.
  • In 2020, Lulu entered into a strategic partnership with MementoPix to make the experience of creating and purchasing yearbooks much easier and affordable for schools and parents.

The enterprise text publishing market has been segmented as follows:

Enterprise Text Publishing Market – by Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)
    • Australia
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Middle East and Africa (MEA)
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA
  • South America (SAM)
    • Brazil
    • Argentina
    • Rest of SAM

Enterprise Text Publishing Market – Company Profiles

  • Hurix Digital
  • Kotobee (Vijua)
  • VitalSource Technologies
  • Excelsoft Technologies
  • Impelsys Inc.
  • Issuu
  • Lulu Press, Inc.
  • Kortext
  • Magic EdTech
  • RedShelf
 
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Enterprise Text Publishing Market Forecast to 2028 - COVID-19 Impact and Global Analysis

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What are reasons behind enterprise text publishing market growth?

The rising innovation in teaching, learning, and research is influencing the adoption of e-books across the world. For instance, the University of Leicester offers the MSc in Security, Conflict, and International Development by distance learning. The program, provided by the Department of Criminology, is designed for people who work in international development or want to work in the field. Students of this program can be employed in military settings, distant regions, or as peacekeepers, far from traditional learning environment. Every student is provided with an iPad with course materials and eBooks, as well as access to a course app. Students can read these eBooks without an internet connection, which can be frequently unavailable or unreliable in their workplace. Thus, the rise in adoption of e-books across schools, universities is fueling the growth of the global enterprise text publishing market.

What are market opportunities for enterprise text publishing market?

The market opportunity lies in developing countries. The rise of ed-tech companies in APAC is expected to increase the demand for web text publishing, which would create lucrative opportunities for the enterprise text publishing market in future.

Which region has dominated the enterprise text publishing market?

In 2020, North America led the market with a substantial revenue share, followed by Europe and APAC. Renowned universities, such as Stanford University and Harvard University, are providing online courses in computer science, engineering, mathematics, business, art, and personal development. As a part of these online courses, organizations provide digital study material and textbooks for students to refer and prepare themselves for online exams and other certifications. Thus, the rise in adoption of online education across North America is fueling the growth of the enterprise text publishing market in the region

Which is the fasted growing region in the enterprise text publishing market?

APAC is the fastest growing region the market. The corporate sector in APAC has experienced rise in the adoption of digital training and self-paced employee training model. These types of learning models enable employees to upgrade their skills as per company’s time to time requirement. For instance, Simplilearn Solutions tailored solutions for corporate training. Its training modules provide immersive learning videos and high-quality text content for references. Thus, the adoption of such training modules in the corporate sector is expected to accelerate the growth of the enterprise text publishing market in APAC during the forecast period.

Which country is expected to dominate the fastest growing region in the forecast period?

China is the APAC region is expected to dominate the market in the forecast period. Digital publishing in China represents one of the world’s most dynamic sectors, and any innovation produced within this segment of Chinese industry is likely to have a global impact. ChineseAll for instance, is one of the largest digital e-publishing companies in China now. They have collaborated with around 300 publishers, more than 2,000 famous authors and 300,000 cyber-writers in the country. This is helping the company to grow further across the country and the globe. The growth of digital content across the region and its high adoption among its population is contributing to the growth of the market across the country over the years

Which are the major companies in the enterprise text publishing market?

The major companies in enterprise text publishing market includes Hurix Digital, Kotobee (Vijua), VitalSource Technologies, Excelsoft Technologies, and Impelsys Inc.

The List of companies - Enterprise Text Publishing Market

  1. Hurix Digital
  2. Kotobee (Vijua)
  3. VitalSource Technologies
  4. Excelsoft Technologies
  5. Impelsys Inc.
  6. Issuu
  7. Lulu Press, Inc.
  8. Kortext
  9. Magic EdTech
  10. RedShelf

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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